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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF
Trade Setup

#AUDCHF
Total Profit: -408 pip
Closed trade(s): 0 pip Profit
Open trade(s): -408 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.6775 (day close price) based on 'Valley' at 2021.09.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.6707(current price) - 0.6775(open price) = -68 pip
6 trade(s) still open, therefore total profit for open trade(s) is -68 x 6 = -408 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSeptember 25, 2021 - 07:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.65100, beginning of uptrend is expected.
  • We make sure when the resistance at 0.68150 breaks.
  • If the support at 0.65100 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.6789 on 09/17/2021, so more losses to support(s) 0.6700, 0.6630, 0.6580 and minimum to Major Support (0.6510) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 0.6815
  2. 0.6910
  3. 0.6975
  4. 0.7085
  5. 0.7260
Click on the level to view price action history.

Symbol Released Current Forecast
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 24 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 17 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 10 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 3 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 25 Feb 2024